Proof of Stake

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ByDavid Mayer
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The Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins they hold. This means that the more coins owned by a miner, the more mining power they have. The Proof of Stake was created as an alternative to the Proof of Work (PoW) concept, to tackle inherent issues in the latter.

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